Berkshire Gains from BYD Investment Up $2 Billion This Year Alone
Multinational conglomerate Berkshire Hathaway Inc. has gained $2 billion from its holdings of Chinese automaker BYD Co. Ltd. so far this year, Markets Insider reported. Berkshire acquired 225 million BYD...
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Tencent Shares’ Buyback Bolstering Sentiment on China Stocks
Chinese tech stocks jumped to their highest level in a month after a round of share buybacks by Tencent boosted market sentiment, according to a report by Bloomberg on Tuesday....
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Tech Giants Like Apple and Amazon are On Pace to Develop Their Own Chips
Apple, Amazon, Facebook, Tesla, and Baidu are moving away from established chip companies opting for development in-house, according to a report by CNBC on Monday. Syed Alam, global semiconductor lead...
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Why Money Managers are Shifting to Unrated Bonds
Money managers are being pushed to shift to unrated debt in a bid to secure higher returns amid record-low interest rates, WSJ reported. Managers have been moving to smaller bonds...
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Ryanair Discussion with Boeing Over Max 10 Finalizes Without A Deal
Ryanair has published that its negotiations with Boeing for a Max 10 order have ended without any deal on pricing, according to a report released by Ryanair on Monday. Ryanair...
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Beijing will Create a Stock Exchange Focused on Smaller Enterprises, Says China’s President Xi
China’s President Xi Jinping stated that the country would establish a stock exchange in Beijing to serve smaller businesses, according to a report by Reuters on Thursday. Mainland China’s two...
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Apple Inc to Cut Media Apps Commission to 30% Amid Rising Global Scrutiny
Apple Inc will allow the developers of apps such as Netflix to link from its App Store to external websites for payments by users, according to a report by Bloomberg...
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CrowdStrike Holdings Upgrades Guidance Even as Losses Widen in Q2
American cybersecurity tech firm CrowdStrike Holdings Inc. hiked its guidance for the fiscal year 2022 amid double-digit subscription growth, even as the company announced wider losses in the second quarter....
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PayPal Looking to Launch Stock-Trading Within the Year
Payments giant PayPal Holdings Inc. is considering rolling out a stock-trading platform for American customers to complement its crypto trading offering, CNBC reported. PayPal could possibly team up with an...
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Zoom Posts Triple-Digit Growth in Q2 Revenues to $663.5 billion, up 355% YoY
Zoom Inc. posted revenue growth of 355% YoY in Q2, enabling the company to upgrade the full-year revenue outlook, according to a news release by Zoom on Tuesday. The video-first...
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China Construction Bank Posts 10.92% Rise in Net Profit YoY in First Half of 2021
China Construction Bank recorded a stable rise in assets as net profit rose by 10.92% YoY in the 1st half, according to a report released by China Construction Bank on...
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12-Year-Old Raises Nearly $400,000 from Sale of ‘Weird Whale’ NFTs
A 12-year old boy sold out his latest collection of non-fungible tokens overnight to bring his gains up to nearly $400,000, TheByte reported. Benyamin Ahmed sold 3,350 NFTs which he...
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